Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Cuomo pushes employers to force their employees return to NYC

foxbusiness.com

Post reply on HN
Print view View original

31–40 of 63 posts

Re: Cuomo pushes employers to force their employees return to NYC

#31

Post by foolinaround »

SmellTheGlove wrote: post #24
Animats wrote: post #20

Earlier quoted context omitted.

Update: 19% vacant, per NYT. 21% in downtown Manhattan. "A third of leases at large Manhattan buildings will expire over the next three years, according to CBRE, a commercial real estate services company, and companies have made clear they will need significantly less space." Yet there's still 14 million square feet of commercial space under construction. Anyone need a spare skyscraper?

I mean, NYC rents are still through the roof. They could build out housing in these tall empty spaces.

housing would follow the work places, and as they go, housing demand is not a given.

Re: Cuomo pushes employers to force their employees return to NYC

#33

Post by jjeaff »

SmellTheGlove wrote: post #24
Animats wrote: post #20

Earlier quoted context omitted.

Update: 19% vacant, per NYT. 21% in downtown Manhattan. "A third of leases at large Manhattan buildings will expire over the next three years, according to CBRE, a commercial real estate services company, and companies have made clear they will need significantly less space." Yet there's still 14 million square feet of commercial space under construction. Anyone need a spare skyscraper?

I mean, NYC rents are still through the roof. They could build out housing in these tall empty spaces.

I think that it is actually quite expensive and time consuming to convert office space to residential. The main issue being plumbing. Most offices are setup to have a few restrooms and maybe a sink in each space for the break room.

It's a rather difficult problem when you go from 5 rarely used sinks on each floor to needing to supply water and waste drainage for maybe 50 sinks, 50 showers, 50 bathtubs, 50-100 toilets, 50 washing machines, etc, all on that same floor. Not to mention that you now have to figure out waste disposal because you will be creating way more garbage that is much smellier.

Re: Cuomo pushes employers to force their employees return to NYC

#34

Post by iammisc »

fnord77 wrote: post #30
misiti3780 wrote: post #9

Earlier quoted context omitted.

The same reason SF elected Chesa Boudin. NY's best days are behind it.

Chesa got 14% of the vote. And my gut feeling on city sentiment is right, he’s going to get recalled.

is this true? How is one elected with 14% of the vote?

Re: Cuomo pushes employers to force their employees return to NYC

#36

Post by jdhn »

Animats wrote: post #13

"Remember, we have to get people back and we have to get people back in volume. If you were to see a 15% decline of people coming back to New York City, that would have a devastating impact on the commercial market," Cuomo said. He means the commercial real estate market. Remote work is terrifying to NYC commercial landlords. Right now, about 17% of NYC commercial real estate is on the market as vacant. A lot more is…

As another commentator said, the commercial real estate industry is a huge force in NYC and NYS politics. However, it's also a huge revenue generator for both city and state. Putting aside political influence, they're staring down the double barrels of covid money running out, and then greatly reduced revenue from rents. NYS is also weighed down by pension costs, so I can see why Cuomo wants people back ASAP.

Re: Cuomo pushes employers to force their employees return to NYC

#37

Post by giantg2 »

JumpCrisscross wrote: post #21
jessaustin wrote: post #6

How has he not been impeached already? https://nypost.com/2021/06/15/cuomo-nursing-home-order-cause... https://www.nytimes.com/2021/03/04/nyregion/cuomo-nursing-ho...

> How has he not been impeached already? Simple answer? He's delivering on policy. Legalised weed. Election reform. Ex-convict rights reforms. New tax package. Much of this was gridlocked. Magically, the grease hit the wheels when impeachment came into focus. None of this will win him another term. But he's functionally useful and not showing signs of becoming an albatross on the party.

Do you have more info on why it was gridlocked? I thought many of these initiatives passed by wide margins, like 2:1 for weed.

Re: Cuomo pushes employers to force their employees return to NYC

#38

Post by jjeaff »

toomuchtodo wrote: post #4

I strongly encourage employers mandating a return to office in NYC to publicly announce it. Makes it straightforward to identify where to source new remote talent from.

Have a friend in HR at a fortune 500 company. He said that early on, they were not sure on what the work from home rules would be and they found that applicants were simply ghosting them when they found that it wasn't a set in stone policy yet. They are trying to hire a lot of tech talent and so they had to officially declare that people would have extensive work from home privileges if they were going to get anywhere close to their hiring goals.

Re: Cuomo pushes employers to force their employees return to NYC

#39

Post by bradleyjg »

JumpCrisscross wrote: post #21
jessaustin wrote: post #6

How has he not been impeached already? https://nypost.com/2021/06/15/cuomo-nursing-home-order-cause... https://www.nytimes.com/2021/03/04/nyregion/cuomo-nursing-ho...

> How has he not been impeached already? Simple answer? He's delivering on policy. Legalised weed. Election reform. Ex-convict rights reforms. New tax package. Much of this was gridlocked. Magically, the grease hit the wheels when impeachment came into focus. None of this will win him another term. But he's functionally useful and not showing signs of becoming an albatross on the party.

I could see him winning another term. If the only candidate to run against him in the primary is someone with little to no prior political experience, endorsed by AOC—-I can definitely see him being renominated by default.

Re: Cuomo pushes employers to force their employees return to NYC

#40

Post by PhineasRex »

JumpCrisscross wrote: post #21
jessaustin wrote: post #6

How has he not been impeached already? https://nypost.com/2021/06/15/cuomo-nursing-home-order-cause... https://www.nytimes.com/2021/03/04/nyregion/cuomo-nursing-ho...

> How has he not been impeached already? Simple answer? He's delivering on policy. Legalised weed. Election reform. Ex-convict rights reforms. New tax package. Much of this was gridlocked. Magically, the grease hit the wheels when impeachment came into focus. None of this will win him another term. But he's functionally useful and not showing signs of becoming an albatross on the party.

Those things were deadlocked by his office. The legislature had tried legalizing weird years ago, for example. His office is notoriously dysfunctional and only gets around to doing anything when he needs a political win.
Post reply on HN